Statement of trust money

Annual Report for the year ended 30 June 2008.

for the year ended 30 June 2008

On 1 November 1996, the Office was appointed Secretary-General of the Pacific Association of Supreme Audit Institutions (PASAI). PASAI exists to encourage, promote, and advance co-operation among its public audit members.

A trust account records the financial transactions the Office carries out on behalf of PASAI. All trust money transactions are recorded on a cash basis.

None of the transactions associated with the PASAI trust account are recorded within the Statement of financial performance or the Statement of financial position.

Actual
2007
$000
  Actual
2008
$000
28 Opening balance at 1 July 22
6 Receipts 6
(12) Payments (2)
22 Closing balance at 30 June 22

The accompanying notes form part of these financial statements.

page top